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Mall Brand Merger: JCPenney Unites With Forever 21, Aeropostale, Brooks Brothers Operator
JCPenney is merging with a company that owns several other retailers that have also struggled as malls have declined in popularity across the U.S.
The 123-year-old department store chain and SPARC Group have combined to form Catalyst Brands, the new company said in a news release on Wednesday, Jan. 8. SPARC Group is the operator of stores including Aéropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brand, and Nautica.
Former JCPenney CEO Marc Rosen will become the CEO of Catalyst Brands, which boasts more than $9 billion of revenue and about 60,000 employees at …
Mail Won’t Be Delivered Thursday, Jan. 9: Here's Why
The United States Postal Service will pause mail delivery and retail services on Thursday, Jan. 9, to honor the life and legacy of former President Jimmy Carter on a National Day of Mourning.
All post office locations will be closed for the day, following an executive order from President Joe Biden directing federal agencies to close as a mark of respect for Carter, the nation’s 39th president.
While regular mail services will be suspended, limited package delivery will continue, the USPS announced.
Carter, who died on Sunday, Dec. 29, at age 100 after nearly two years in hospice care, mad…
Alleged Eavesdropping Costs $95 Million As Apple Reaches Siri Settlement
Apple will pay a $95 million settlement regarding allegations that its virtual assistant, Siri, eavesdropped on users without their consent, according to multiple reports.
The settlement, filed in federal court in Oakland, California this week, addresses a lawsuit that dates back five years and must be approved by a US District judge at a hearing on Friday, Feb. 14, Bloomberg Law reports.
The lawsuit claims that Siri was activated to record conversations even when users did not use the launching phrase, “Hey, Siri.”
These recordings were allegedly shared with third parties s to target user…
Recall Issued For Popular Frozen Vegetable Product: Here's What to Know
A popular frozen vegetable product is being recalled due to undeclared milk allergens, posing a risk to individuals with milk allergies.
Key Details:
Company: Lidl
Product Name: “Taste of Deutschland Buttered Vegetables”
Product Details: 10.5 oz box, UPC 4 056489 122876
Distribution Period: Saturday, Oct. 21, 2023 to Thursday, Dec. 19, 2024
States Affected: Delaware, District of Columbia, Georgia, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Virginia
Consumer Action: Do not consume the product. Return it to any Lidl store for a full refund; no rece…
Party City Going Out Of Business, Closing All 800 Stores, Including 11 In Connecticut
The party is over for a popular chain store that's been in business for decades.
Party City is “winding down” operations immediately at its approximately 800 locations, CEO Barry Litwin told corporate employees in a video call on Friday, Dec. 20, CNN reports.
Workers were told they will not receive severance pay, and that their benefits would end as the company goes out of business, CNN says.
The company, headquartered in in Woodcliff Lake, New Jersey, is running low on cash and unable to pay rent in some locations, according to an earlier Bloomberg report.
Party City was foun…
